VC investment in fintech remains robust as M&A activity stalls.
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Global fintech investments (VC, PE and M&A) fell during the first half of 2020, recording US$25.6 billion across 1,221 deals, compared to US$39.4 billion across 1,744 deals in H2’19.
A sharp drop in M&A investments drove most of the decline, reflecting a general slowdown in deal activity, and investors pressing pause to reconsider valuations and their risk appetite amid COVID-19. Many of the H1’20 deals were initiated in late 2019 while new deal activity ground almost to a halt.
Despite global uncertainty, VC investments remained strong; investor interest in platform businesses was also solid particularly in less mature fintech markets.